Follow Up / Example

In the last post, "Leveraged Short ETF's" in trying to give an example of where we are in the progression of things, I said.

"I do expect continued volatility, there are some longer term charts in the 2 and 3x leveraged inverse or short ETFs, I suspect those are for the big picture, but the small picture is the first bridge we need to cross and you can see how a few are performing thus far....

Remember all new divergences start on the fastest timeframe-1 min, if they are strong enough, they migrate to longer timeframes."

 The SPXU 1 min is continuing to deteriorate.

Now the weakness is showing up on the 2 min timeframe, this is the start of migration.